×
Home Companies Industry Politics Money Opinion LoungeMultimedia Science Education Sports TechnologyConsumerSpecialsMint on Sunday
×

Indian Overseas Bank board okays raising Rs4,150 crore

Indian Overseas Bank board okays raising Rs4,150 crore
Comment E-mail Print Share
First Published: Mon, Dec 13 2010. 12 08 PM IST
Updated: Mon, Dec 13 2010. 12 08 PM IST
Mumbai: Indian Overseas Bank said on Friday its board has approved raising funds worth Rs4,150 crore via private placement.
The board approved raising Rs1,700 crore via qualified institutional placement, Rs250 core by tier-1 bonds, Rs1,000 crore by lower tier-2 bonds and Rs1,200 crore by upper tier-2 bonds, it said in a statement to the exchange.
Comment E-mail Print Share
First Published: Mon, Dec 13 2010. 12 08 PM IST